{"abstract":"This document contains final regulations that provide guidance regarding certain amendments to applicable defined benefit plans. Applicable defined benefit plans are defined benefit plans that use a lump sum-based benefit formula, including cash balance plans and pension equity plans, as well as other plans that have formulas with an effect similar to a lump sum-based benefit formula. These final regulations relate to previously issued final regulations that specify permitted interest crediting rates for purposes of the requirement that an applicable defined benefit plan not provide for interest credits (or equivalent amounts) at an effective rate that is greater than a market rate of return. These final regulations permit a plan sponsor of an applicable defined benefit plan that does not comply with the market rate of return requirement to amend the plan in order to change to an interest crediting rate that is permitted under the previously issued final hybrid plan regulations without violating the anti-cutback rules of section 411(d)(6). These regulations affect sponsors, administrators, participants, and beneficiaries of these plans.","action":"Final regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497.json","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254.json","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2015/11/16/2015-28915.html","cfr_references":[{"title":26,"part":1,"chapter":null,"citation_url":null}],"citation":"80 FR 70680","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":null,"disposition_notes":null,"docket_ids":["TD 9743"],"document_number":"2015-28915","effective_on":"2015-11-16","end_page":70687,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2015/11/16/2015-28915.xml","html_url":"https://www.federalregister.gov/documents/2015/11/16/2015-28915/transitional-amendments-to-satisfy-the-market-rate-of-return-rules-for-hybrid-retirement-plans","images":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2015-28915.json","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2015-11-16/2015-28915/mods.xml","page_length":8,"page_views":{"count":2980,"last_updated":"2019-05-25 10:15:10 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2015-11-16/pdf/2015-28915.pdf","proclamation_number":null,"public_inspection_pdf_url":"https://s3.amazonaws.com/public-inspection.federalregister.gov/2015-28915.pdf?1447422373","publication_date":"2015-11-16","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2015/11/16/2015-28915.txt","regulation_id_number_info":{"1545-BL62":{"xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201510&RIN=1545-BL62&operation=OPERATION_EXPORT_XML","issue":"201510","title":"Transition Rules Relating to the Market Rate of Return Requirements for Statutory Hybrid Plans","priority_category":"Substantive, Nonsignificant","html_url":"https://www.federalregister.gov/regulations/1545-BL62/transition-rules-relating-to-the-market-rate-of-return-requirements-for-statutory-hybrid-plans"}},"regulation_id_numbers":["1545-BL62"],"regulations_dot_gov_info":{"docket_id":"IRS-2014-0031","regulation_id_number":"1545-BL62","title":"Transitional Amendments To Satisfy the Market Rate of Return Rules for Hybrid Retirement Plans","comments_count":19,"comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2014-0031","supporting_documents_count":null,"supporting_documents":[],"metadata":{},"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BL62/transition-rules-relating-to-the-market-rate-of-return-requirements-for-statutory-hybrid-plans","title":"Transition Rules Relating to the Market Rate of Return Requirements for Statutory Hybrid Plans"}},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":70680,"subtype":null,"title":"Transitional Amendments To Satisfy the Market Rate of Return Rules for Hybrid Retirement Plans","toc_doc":"Market Rate of Return","toc_subject":"Hybrid Retirement Plans:","topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Rule","volume":80}